Flipping houses in Philadelphia can be a profitable decision if it's executed properly. This month, we're excited to feature a completed flip of a single-family home in Philly that turned out to be specifically that for one of our Fund That Flip investors.
The property in Pennsylvania has undergone an extensive rehab, and our borrower was determined to make it exceptional for the next owner. He completely rehabilitated this property in just six months. Fund That Flip was there to help the borrower transform the property into a modern, upscale home through the help of a short-term fix-and-flip bridge loan.
Check out the video below to see how this Philadelphia property was updated to become a modern masterpiece with high-end finishes. The borrower spared no expense to make sure this property would stand out among the rest!
This repeat borrower saw a fantastic opportunity to rehab this property and turn a profit through financing with a fix-and-flip loan. After successfully completing the project, the borrower listed this property for more than double the purchase price. This home features exposed brick, a custom-built electric fireplace, custom metal floating steps, and more. We are proud to showcase how our short-term private money loans help to restore properties just like this one.
3 Stats You Need To Know for Flipping Houses in Philadelphia
According to reflipper.net, Philadelphia is a great city for flipping houses. Some of those reasons for why you might want to flip houses in Philadelphia are listed below.
- There is no sales tax in Philadelphia.
- The average household income is $68,572 with a five-year growth rate of 6.6%.
- Average price of three-bedroom, two-bath home is $159,000.
Philadelphia has some very desirable neighborhoods and school districts as well so families should continue to want to live there.
Are You Ready to Start Flipping Homes in Philadelphia?
Looking for an alternative to stocks? Investors can earn 8-10% annual returns on pre-vetted, low LTV, real estate-secured loans. Fund That Flip offers industry-leading visibility into each project, enabling investors to be highly selective in the loans they choose to fund. Click below to make an investment today!